Phase one exceeded the expectations with as many as 20 applications being received. Currently, in the preparation for phase two, the experts from CERN and Lithuanian Innovation Centre will select 5 best proposals. In the second phase, up to 3 best proposals, most in line with CERN competencies will be selected by the commission.
In 2018 Lithuania has become the Associated Country of the world’s largest nuclear and particle physics laboratory CERN (Switzerland). Associate membership opens opportunities for Lithuania to work closely with CERN in the fields of science, industry and technology. The business incubation center, known as Lithuanian BIC of CERN Technologies, was opened and today it invites companies to develop new products based on technologies developed at CERN.
Particle physics experiments seek to answer fundamental questions about the structure of the universe, and the result of these experiments is the development of new technologies that can be applied to creating innovative products. Lithuanian BIC of CERN Technologies supports development and application of innovative ideas in the field of high energy physics related to CERN activities such as particle accelerators, detectors, vacuum technology, cryogenics, magnets, superconductors, materials science and supercomputers.
The incubator is located in two technology parks: Sunrise Valley in Vilnius and Kaunas Science and Technology Park at Santaka Valley in Kaunas.
The Ministry of Economics and Innovation authorizes the Lithuanian Innovation Center to manage and operate the BIC.
Startups, spin-offs and all young companies with business ideas that lack technology know-how are invited to participate. The business idea must be based on or related to the technology and intellectual property owned by CERN.
During the selection process, CERN reserves the right to determine whether the technology and knowledge required for a business idea are sufficiently relevant to CERN. Participants may be given the opportunity to visit CERN and learn about lab technology
The selection process will take place in two stages:
In the first phase, participants will have to write a preliminary business or product proposal highlighting the need for technological or know-how support from CERN. The Commission, composed of representatives from CERN, the Lithuanian Innovation Center, Incubators and independent experts, will select up to 10 of the best proposals to enter the second phase.
In the second phase, the selected participants will have to write a detailed business plan. The Commission will select up to 5 proposals per year to be invited to one of the Incubators for a period of 24 months.
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